Volume : IV, Issue : IX, September - 2015

TRENDS AND PROGRESS OF KISAN CREDIT CARD SCHEME IN INDIA

Reetu

Abstract :

Indian Economy is largely dependent upon agriculture as majority of its population is engaged in it. Farmers heavily depend on non institutional sources of credit due to frequent needs, inadequate availability of institutional credit, unnecessary delays, cumbersome procedure and improper practices adopted by institutional lending agencies. Provision of timely and adequate credit has been one of the major challenges for banks in India in dispensation of agricultural and rural credit to the farmers. Farm credit is a strategic input. Realising the importance of enhancement of flow of credit to the rural sector and reduction of the dependence of farmers on non-institutional sources of credit, the KCC (Kisan Credit Card) scheme was introduced in August 1998 with the objective of to provide timely and adequate credit to the farmers in a cost effective and flexible manner. The study explores about the Kisan Credit Cards (KCC) Issued, amount sanction for these by different agencies and proportionate share of different agencies of Kisan Credit Cards and amount from 1998-99 to 2012-13. From the analysis of KCC issued and total amount of KCCs sanctioned by the all the three institutions i.e. RRBs, Commercial Banks and Co-operatives, it is concluded that growth of Co-operative Banks is much less than that of all institutions and variability in Co-operatives is more, But overall there is impressive increase in KCC scheme till now.

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

REETU Trends and Progress of Kisan Credit Card Scheme in India Global Journal For Research Analysis, Vol: 4, Issue: 9 September 2015

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